AT&T ends cautiously higher - Analysis - 14-09-2017

AT&T's stock (T) rose in the intraday levels, scoring a new profit of 0.80% in the last session, or 0.29 points, and settling above the support of 35.91, which represents the ratio 61.8% of Fibonacci retracement levels for an ascending wave in the medium term (from 30.97 to 43.89), with positive signals from relative power indicators, countered by negative pressure from the 50-day SMA. 

Therefore we expect the stock to return lower, targeting the support of 35.91, which represents the ratio 61.8% of the same retracement levels, as long as the resistance of 37.43 holds on.